At the time of writing, G-III Apparel Group Ltd [GIII] stock is trading at $34.87, up 10.42%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GIII shares have gain 9.79% over the last week, with a monthly amount glided 12.99%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
G-III Apparel Group Ltd [NASDAQ: GIII] stock has seen the most recent analyst activity on October 09, 2024, when Guggenheim initiated its Buy rating and assigned the stock a price target of $36. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on September 06, 2024, and elevated its price target to $32. On March 15, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $29 on the stock. Barclays downgraded its rating to a Underweight and decreased its price target to $23 on March 04, 2024. Wells Fargo downgraded its rating to a Underweight and reduced its price target to $24 on January 16, 2024. Telsey Advisory Group reiterated a Market Perform rating for this stock on December 02, 2022, and downed its price target to $14. In a note dated December 01, 2022, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $28 to $22.
For the past year, the stock price of G-III Apparel Group Ltd fluctuated between $20.66 and $35.68. Currently, Wall Street analysts expect the stock to reach $36 within the next 12 months. G-III Apparel Group Ltd [NASDAQ: GIII] shares were valued at $34.87 at the most recent close of the market. An investor can expect a potential return of 3.24% based on the average GIII price forecast.
Analyzing the GIII fundamentals
According to G-III Apparel Group Ltd [NASDAQ:GIII], the company’s sales were 3.11B for trailing twelve months, which represents an 1.84% jump. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.21 points at the first support level, and at 27.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.91, and for the 2nd resistance point, it is at 38.96.
Ratios To Look Out For
It is important to note that G-III Apparel Group Ltd [NASDAQ:GIII] has a current ratio of 2.92. As well, the Quick Ratio is 1.80, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 1.01 and price to earnings (TTM) ratio is 9.13.
Transactions by insiders
Recent insider trading involved GOLDFARB MORRIS, CEO, that happened on Sep 24 ’24 when 100000.0 shares were sold. CEO, GOLDFARB MORRIS completed a deal on Sep 26 ’24 to sell 67014.0 shares. Meanwhile, Officer MORRIS GOLDFARB & ARLENE GOLDF bought 67014.0 shares on Sep 26 ’24.
